Dimensional Fund Advisors LP trimmed its position in shares of Express, Inc. (NYSE:EXPR) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,328,056 shares of the company’s stock after selling 1,288,355 shares during the period. Dimensional Fund Advisors LP owned 6.76% of Express worth $36,018,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in Express during the second quarter valued at $33,597,000. State Street Corp grew its stake in Express by 9.8% during the second quarter. State Street Corp now owns 2,612,290 shares of the company’s stock valued at $17,633,000 after acquiring an additional 233,124 shares in the last quarter. Renaissance Technologies LLC grew its stake in Express by 478.1% during the second quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock valued at $12,685,000 after acquiring an additional 1,554,200 shares in the last quarter. Majedie Asset Management Ltd purchased a new position in Express during the third quarter valued at $11,427,000. Finally, Contrarius Investment Management Ltd purchased a new position in Express during the third quarter valued at $10,191,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Express from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Monday, December 4th. SunTrust Banks set a $10.00 target price on shares of Express and gave the company a “hold” rating in a research note on Friday, December 1st. BMO Capital Markets set a $10.00 target price on shares of Express and gave the company a “hold” rating in a research note on Friday, December 1st. B. Riley raised their target price on shares of Express from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Finally, TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.88.
Express, Inc. (NYSE EXPR) opened at $7.26 on Friday. Express, Inc. has a 52 week low of $5.28 and a 52 week high of $11.69. The company has a market cap of $572.10, a price-to-earnings ratio of 45.38 and a beta of 1.55.
Express (NYSE:EXPR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The business had revenue of $498.70 million during the quarter, compared to analysts’ expectations of $487.38 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was down 1.5% on a year-over-year basis. analysts anticipate that Express, Inc. will post 0.34 EPS for the current year.
Express declared that its Board of Directors has approved a share repurchase program on Thursday, November 30th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
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Express Company Profile
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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